Liberty Global (NASDAQ:LBTYK) Reaches New 52-Week Low - Here's Why

Key Points

• Liberty Global shares fell to a new 52-week low of $7.40, well below their 50-day and 200-day moving averages of $9.45 and $10.51, respectively.
• The company’s latest quarterly results missed expectations, reporting a loss of $1.07 per share versus the $0.48 consensus estimate and revenue of $1.17 billion versus the expected $1.34 billion.
• Analyst sentiment is negative: Liberty Global has an average “Sell” rating, while institutional investors own 46.1% of the stock and several recently increased their holdings.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) shares hit a new 52-week low on Monday. The company traded as low as $7.40 and last traded at $7.3960, with a volume of 429,898 shares. The stock had previously closed at $7.78.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Liberty Global from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Liberty Global presently has an average rating of "Sell".

Liberty Global Price Performance

The business has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $10.51. The firm has a market cap of $2.53 billion, a P/E ratio of -0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.34 billion.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently modified their holdings of LBTYK. Allworth Financial LP boosted its position in shares of Liberty Global by 52.1% in the second quarter. Allworth Financial LP now owns 4,407 shares of the company's stock worth $48,000 after acquiring an additional 1,509 shares during the last quarter. Versant Capital Management Inc increased its position in Liberty Global by 90.2% during the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company's stock worth $53,000 after purchasing an additional 2,292 shares during the last quarter. Royal Bank of Canada raised its stake in Liberty Global by 31.7% during the first quarter. Royal Bank of Canada now owns 9,547 shares of the company's stock worth $111,000 after purchasing an additional 2,299 shares during the period. Arkadios Wealth Advisors raised its stake in Liberty Global by 26.4% during the first quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company's stock worth $194,000 after purchasing an additional 3,442 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Liberty Global in the 1st quarter valued at $42,000. Institutional investors own 46.10% of the company's stock.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global's principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.

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